Karachi: Soneri Bank Limited has announced a leadership change with the appointment of Mr. Ahsan Mushahid Siddiqui as the new President and Chief Executive Officer. This decision was finalized during the bank’s 214th Board of Directors meeting held on January 29, 2026. Mr. Siddiqui is set to officially assume his new role on April 1, 2026, succeeding Mr. Muhtashim Ahmad Ashai, whose term will conclude on March 31, 2026.

The appointment of Mr. Siddiqui is contingent upon receiving clearance from the State Bank of Pakistan, adhering to the Fit and Proper Test requirements. The Board of Directors expressed its gratitude to Mr. Ashai for his significant contributions and service during his tenure as President and Chief Executive Officer and extended their best wishes for his future endeavors.

According to information available from the Pakistan Stock Exchange (PSX), stakeholders and TRE Certificate Holders have been duly informed of this significant change in leadership. This transition marks a pivotal moment for Soneri Bank Limited as it navigates the evolving financial landscape.

This leadership transition comes as part of Soneri Bank’s ongoing efforts to ensure robust governance and strategic direction. The bank operates within the designated market category, focusing on enhancing shareholder value and maintaining a strong presence in the financial sector.